Housing Wire

DECEMBER 16, 2022

For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage. Having owner’s title insurance means the cost of defense and legal fees that typically would be the homeowner’s responsibility instead are paid by the title insurer. Diane Tomb, ALTA CEO Contributor.

Insurance 493

Insurance Legal Fees Government Real Estate 493

Housing Wire

JULY 8, 2024

Prior reporting does not specify if the home was indeed sold at the time the final borrower died, nor is it specified if the reverse mortgage in question is FHA-sponsored or a proprietary alternative. The prior owners both died by 2019 and the home has been unoccupied since then.

Mortgage 430

Mortgage Architecture Design Market Value 430

Housing Wire

NOVEMBER 16, 2023

Real estate forms : It is said that a contract is only as good as the paper it’s written on, and real estate purchase contracts are written on template legal documents that have been reviewed and approved by state-level real estate departments. Rajesh Bhat serves as a Board Director of The Mortgage Office.

Realtors 448

Realtors Contracts Real Estate Agents 448

Housing Wire

DECEMBER 13, 2024

The cost of a bad hand When selling a loan, lenders provide legal assurances to the government-sponsored enterprises ( GSE s) that guarantee the accuracy and completeness of the loan data, known as representations and warranties. These reps and warrants cover borrower income, employment, and property information.

Investors 370

Investors Legal Tools Legal Fees 370

Housing Wire

NOVEMBER 23, 2021

There is also an important racial justice aspect to Neighborhood Homes. According to the Urban Institute , the gap between white and Black homeownership rates is wider today than it was when redlining was legal — 42% of Black families are homeowners vs. 72% of white families. It found that median sale prices grew an additional 11.5%

Investing 476

Investing Renovations Construction Development 476

Housing Wire

JULY 22, 2022

Omar Ennabe: The obvious trends I follow would be the ones related to our business, such as housing trends, home values and interest rates. The current application packages and final doc sets have become very long and full of legal jargon that most laymens don’t understand.

Technology 397

Technology Investors Housing Market Legal 397

Housing Wire

APRIL 24, 2023

In addition, some white neighborhoods had zoning laws that legally banned non-white buyers from owning homes in those neighborhoods. Less demand for homes will cause home values to drop in many neighborhoods. Between the launch of FHA in 1934 and when President Lyndon B.

Legal 397

Legal Housing Market Government Buyers 397

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. Good operators will also go above and beyond what is legally required, recognizing that at the end of the day this is about helping people, not creating assets.

Investors 475

Investors Investing Real Estate Finance 475

Appraisal Buzz

MAY 6, 2024

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

HOA 370

HOA Insurance Legal Fees Valuation 370

Housing Wire

DECEMBER 6, 2024

Graphics and statistics NAR.com Detailed market insights, research, and statistics from the real estate industry, legal news, marketing tips, and tools. RISMedia.com Real estate reports, current industry news, real estate tech, and agent tips and advice. RealTrends.com Housing market data by city and state, agent news, and advice.

Real Estate 397

Real Estate Clients Tools Sellers 397

Birmingham Appraisal

FEBRUARY 11, 2025

Square Footage: Why Accuracy Matters Square footage is one of the most critical factors in determining a homes value, yet it is often misunderstood. When an appraiser measures a home, their calculation often differs from whats in tax records. Different Measurement Standards Not all measurement standards are the same.

Appraisal 68

Appraisal Real Estate Agent Real Estate Agents 68

Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Then, the housing market takes off like a rocket with home values exceeding all expectations.

Real Estate 459

Real Estate Law Property Taxes Marketing 459

Housing Wire

OCTOBER 22, 2023

While residency is no longer a requirement for becoming a licensed real estate agent in Texas, you will need to satisfy all current state licensing requirements to legally practice real estate here. Texas Home Values” [link] No, Texas does not have reciprocity with any other states. link] FastExpert.com.

Real Estate 435

Real Estate Real Estate Agent Agents Brokerage 435

Housing Wire

DECEMBER 18, 2024

The 77-hour real estate prelicensing course covers Commercial and Investment Properties, Law of Agency, Legal Issues. From tips on getting your real estate license in New York to news about home values across the country, HousingWire is here to provide you with the most up-to-date information and insights you need.

Real Estate 397

Real Estate Real Estate Agent Brokerage Agents 397

Birmingham Appraisal

JANUARY 29, 2025

These appraisers provide valuations for various purposes, including estate planning, divorce settlements, tax appeals, and legal disputes. Whether its for a legal case or determining fair market value for an estate, these appraisers are just as important in providing accurate and reliable valuations.

Appraisal 63

Appraisal Appraisal Process Valuation Buyers 63

Housing Wire

FEBRUARY 20, 2025

The Attorney General of Massachusetts has filed suit against home equity contract provider Hometap , alleging that the company pervasively and systematically violated the states consumer protection laws, including mortgage and foreclosure prevention laws, putting financially vulnerable homeowners at high risk of losing their homes.

Mortgage 307

Mortgage Contracts Law Clients 307

Housing Wire

NOVEMBER 1, 2023

Through statistical controls and the exclusion of properties without commission data, within the top or bottom 5% of home values, without a completed structure, etc., What about the skill or experience of the brokers involved? the authors attempt to address those concerns. The full methodology is available in the draft.

Clients 459

Clients Agents Buyers Sellers 459

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. But still, he was baffled. Conclusion.

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Cleveland Appraisal Blog

MAY 26, 2023

They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. We must determine if the current use is legally permissible. But then they had to hire me to perform an appraisal. That’s right!

Appraisal 305

Appraisal Real Estate Agent Real Estate Valuation 305

Housing Wire

APRIL 27, 2023

billion [due to increased home values]. “…The Hunsaker said for many SFR operators facing uncertainty now, the solution is to stop buying new properties if they believe their cost of capital is rising too much — absent home prices dropping enough in the future to make the numbers work.

Renovations 395

Renovations Investing Real Estate Marketing 395

Eppraisal

FEBRUARY 14, 2023

Property Title Property title is the legal term used to say someone has legal ownership to a property and that they have rights to use the property. Buyers "take title" to a home. When you close on a home, you will not receive a title document. However, you will receive a physical, legal document called a deed.

Legal 69

Legal Insurance Sellers Real Estate 69

Listing Spark

NOVEMBER 14, 2024

This is particularly beneficial in a fluctuating market where home values can change rapidly. However, with flat fee services, sellers might need to handle more of the paperwork and legal disclosures themselves, potentially increasing liability if mistakes are made. Manage paperwork and legal disclosures.

Real Estate 36

Real Estate Sellers Modernization Legal 36

Lamacchia Realty

MARCH 19, 2025

Many buyers prefer move-in-ready homes. Making Repairs : Fixing major problems can increase the homes value and attract more buyers. Pricing your home correctly can help you attract serious buyers while maximizing your profit. Be honest about hurricane damage to avoid legal issues later.

Transportation 37

Transportation Logistics Inspection Real Estate Agent 37

Realtor

NOVEMBER 16, 2017

Legally, veterans are allowed to pay for certain closing costs, which include the following: Appraisal. This process “gives the agents an opportunity to assist the appraiser in making sure they have the whole picture of the home and gives the local agent an opening to help an appraiser be educated on specific local values,” she adds.

Insurance 146

Insurance Appraisal Real Estate Buyers 146

Appraisal Hub

MARCH 19, 2023

They can conduct divorce appraisals during the settlement to simplify the dissolution of assets in your marriage in terms of property and home values. The process of a buyout generally involves both spouses agreeing on the fair value of the property or properties in question. The post Divorcing?

Legal 78

Legal Appraisal Law Home Value 78

Eppraisal

FEBRUARY 7, 2023

Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. We have considered the acquisition of vacant land, financing that purchase; and complying with legal standards.

Development 69

Development Sellers Legal Home Value 69

Eppraisal

MARCH 29, 2022

Among the diverse assets seniors can pass on is the familial home. In many cases, this property is mortgage-free and home values are high in a tight, sellers' real estate market. This way, the older person can stay at home until death, at which point there is no further conveyance required. Who Gets First Dibs?

Insurance 69

Insurance Legal Home Value Real Estate 69

Housing Wire

NOVEMBER 30, 2023

If you are a real estate agent who is legally residing in a reciprocal state, you do not have to take all of the Division of Real Estate and Professional Licensing’s prelicensing courses. Ohio Home Values” [link] Indeed.com. Passage of Senate Bill 131 brings license reciprocity to Ohio” [link] Ohio House of Representatives.

Real Estate 459

Real Estate Real Estate Agent Brokerage Agents 459

Housing Wire

OCTOBER 9, 2023

1] As a real estate broker in Illinois, it is not legal for you to work independently. Illinois Home Values” [link] According to the Illinois Department of Financial and Professional Regulation (IDFPR)’s Division of Real Estate, there is no “real estate salesperson” or “real estate agent” license in Illinois.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing. The lender will only lend the loan-to-value amount of money to you, the buyer. They work for the mortgage lenders.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Eppraisal

AUGUST 19, 2022

Home buyers almost always have a professional home inspection performed by a licensed inspection company when they purchase a home. However, it is not a bad idea for sellers to have a home inspection, or pre-listing home inspection, performed as well.

Inspection 68

Inspection Sellers Advertising Home Value 68

D Fritz Appraisals

JUNE 15, 2021

If that home’s value increases to $300,000, your payback will be 5% of the current value (or $15,000.). Scenario 2 – You receive a 10% incentive and your home’s value decreases. You receive a 10% incentive of the home’s price of $200,000, or $20,000. Am I A First-Time Homebuyer?

Insurance 144

Insurance Legal Fees Appraisal Buyers 144

Eppraisal

MARCH 9, 2021

Medical emergencies, financial setbacks, legal challenges, family dramas and political reversals -- not to mention fires and floods -- each and all can interrupt our ordered existence with new demands. The COVID-19 pandemic is one such shocker, forcing many to work from home. Employing a contractor will lift that to about $200.

Architecture 69

Architecture Law Home Value Legal 69

Eppraisal

DECEMBER 28, 2021

Application: Because You Say So When a mortgage applicant sits down with a loan officer to formally request a home loan, the information conveyed is received in good faith, i.e. the lender's representative gives the prospective borrower the benefit of the doubt as far as representations go regarding income, employment, assets and home value.

Mortgage 68

Mortgage Home Value Insurance Loan Officers 68

Realtor

DECEMBER 11, 2017

“Having some sort of legal oversight, for the largest single transaction either side is ever going to make, seems to be more than reasonable,” Hendon says. A lawyer can provide clarity if any legal issues arise during the sale of the home.

Real Estate 78

Real Estate Real Estate Agent Legal Agents 78

Realtor

DECEMBER 11, 2017

“Having some sort of legal oversight, for the largest single transaction either side is ever going to make, seems to be more than reasonable,” Hendon says. A lawyer can provide clarity if any legal issues arise during the sale of the home.

Real Estate 78

Real Estate Real Estate Agent Legal Agents 78

Eppraisal

NOVEMBER 1, 2022

Depending on home value in the real estate market, this task can be pleasant and quick or, on the other hand, arduous and extended. Maintenance and legal fees vary according to the job done. As the owner, you want the home value to rise while the income flows in. If I Hire a Manager, Do I Need to Oversee the Work?

Property Management 69

Property Management Landlords Tenants Legal Fees 69